A genuine (but stupid) question re: my ISA please

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fimonkey
fimonkey Posts: 1,238 Forumite
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in ISAs & tax-free savings
Hi All.

I have an NSandI ISA with teh full 3K in it from last financial year, and I earnt £33 interest on that, credited on the 6th April (so my balance is now £3033).

I want to put the rest of my allowance in there for this year, can I put in the full 3K all at once, or is this £33 interest taken into account? If the latter, does that mean I have to put in £2967?

Cheers

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  • tom188
    tom188 Posts: 2,330 Forumite
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    yes you can make a maximum of 3k contributions a year. it is the contributions that are relevant, not the balance of the account.
  • Gordon_the_Moron
    Gordon_the_Moron Posts: 1,472 Forumite
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    Interest does not count towards the £3k limit, you can put £3k in yourself and the interest can go in (and be compounded) or go elsewhere.

    Nobody was born knowing everything, even the stuff that seems obvious, there is no such thing as a stupid question.

    Da Moron
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

    If you do like it please hit the thanks button.
  • robnye
    robnye Posts: 5,411 Forumite
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    Gordon_the_Moron wrote: »
    Nobody was born knowing everything, even the stuff that seems obvious, there is no such thing as a stupid question.

    Da Moron

    apart from asking - does water burn?
    and where to get sky hooks......?
    smile --- it makes people wonder what you are up to.... ;) :cool:
  • Gordon_the_Moron
    Gordon_the_Moron Posts: 1,472 Forumite
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    ...or even more stupid "When will there be a good episode of Big Brother on"

    HA HA :D

    Da Moron
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

    If you do like it please hit the thanks button.
  • Paul_Herring
    Paul_Herring Posts: 7,481 Forumite
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    Gordon_the_Moron wrote: »
    ...or even more stupid "When will there be a good episode of Big Brother on"
    I thought the current season was called Big Sister...
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • derrick
    derrick Posts: 7,424 Forumite
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    robnye wrote: »
    apart from asking - does water burn?

    It does if it's boiling :D
    Don`t steal - the Government doesn`t like the competition


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